warnie

Hi warnie
Had a look at these guys after their announcement yesterday. They have a lot going on with 4 geologist on the ground (see mums the word part4)
Here is a brief from their projects at the moment

Mount Magnet South NL has assembled 105 (100% ownership) strategically located tenements covering 739km2 in the Mt Magnet and Paynes Find regions which are part of a major Australian gold province. The Company’s tenement areas are within 25 km of Mt Magnet townsite with established infrastructure and the projects are only 400 to 580 km north-east of Perth. The Company’s extensive ground covering means it is the second largest landholder in the Mt Magnet region after Harmony.
Geologically and technically, the Mt Magnet and Paynes Find regions are within the Archaean Murchison Province of Western Australia which forms part of the highly mineralised Archaean Yilgarn Craton. The Yilgarn Craton hosts many major gold deposits including Harmony’s famous 3 million oz Hill 50 underground mine , and Harmony’s Mt Magnet operation has a current annual production of approximately 180,000oz. MMS’ key prospects are located over a 25km strike length of a major gold mineralised corridor (Mt Magnet “Gold Corridor”) in the Mt Magnet region. Previous exploration highlights include 16m @ 6.7g/t Au at Foothills Prospect, 4m @ 4.6 g/t Au at Hill 70 Prospect, 3m @ 5.8 g/t Au at Emu Prospect and a 33,000 oz Inferred Resource at the Daveys Prospect. Since 1890, 250 tonnes of gold have been produced from the Murchison region representing about 10% of Western Australia’s historical gold production making it the 2nd largest historical producer in Western Australia after Kalgoorlie.
Despite Mount Magnet South’s highly prospective mineralisation much of the Company’s tenement area remains under explored due to the previous fragmented ownership and unsophisticated prospecting methods and this provides an outstanding opportunity for a major discovery.
The company’s projects and prospects are fully described in the Independent Geologist’s Report in section 5 of the MMS prospectus which can be downloaded in the Investors Section of the website
Could you let me know what you think
Cheers mate
lookinf forward to our beer lol